Judge Lays Out Discovery Limits In Clash Over $8.5B BofA Deal

Law360, New York (April 24, 2012, 8:31 PM EDT) -- A New York state judge suggested Tuesday that she'd split the difference between the discovery demands of investors who helped negotiate Bank of America Corp.'s $8.5 billion settlement with Countrywide Financial Corp. mortgage-backed securities holders and those of the investors who objected to the deal.

Judge Barbara R. Kapnick said discovery would not be as broad as the attorneys general of New York and Delaware and the investors who have objected to the settlement want, nor would it be as limited as institutional investors who helped...
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